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LinkedIn Snatches Up Data Savvy Job Search Startup Bright.com For $120M, In Its Largest Acquisition To Date

Posted by on Feb 6, 2014 in LinkedIn, Startup | 0 comments

linkedin_logoToday, alongside a fourth quarter earnings report in which it beat Wall Street estimates yet again, LinkedIn announced its intentions to acquire data-savvy job search startup, Bright.com, for $120 million. The deal, which was 70 percent stock and 30 percent cash the company said, will be completed during the first quarter of this year. In a statement today, LinkedIn said that “several members of Bright’s team,” which now numbers over 50 –particularly those on its engineering and product teams — will be joining LinkedIn in the coming weeks. However, one notices that the announcement conspicuously leaves out any mention of Bright’s founders and whether or not they will be joining LinkedIn’s team in Mountain View. Either way, what is clear is that, unfortunately for Bright.com users and loyalists, as a result of the acquisition, access to the startup’s job search products will continue until February 28th, at which point it LinkedIn will pull the plug. Why did LinkedIn buy Bright, you ask, and whatever happened to that Monster.com fella? While we can’t answer for the latter, we do know that the Bright.com purchase is the latest in a fairly short string of acquisitions LinkedIn has made over the last two years. No Yahoo by any means, LinkedIn has been methodically and strategically picking off startups that will either help expand its growing professional content network or its talent solutions products. It more or less began with LinkedIn’s acquisition of popular email-embedded contact management tool, Rapportive, for around $15 million in early 2012. Since then, as LinkedIn’s public-facing product has put more emphasis on facilitating content-sharing rather than contact-sharing, it’s picked up popular presentation, slideshow and document sharing network, SlideShare, for $119 million and made its big news reader play by snatching up Pulse for $90 million. The Bright.com acquisition, at least in this context, appears to be a return to home base, and LinkedIn’s first acquisition of any product or startup operating on its home turf — i.e. the job search and professional networking market. As such, this could very likely have been a “defensive” play to acquire an increasingly popular “competitor” before it turned into a behemoth. Granted, generally speaking, Bright.com has traditionally competed more with the old denizens of the job search space like CareerBuilder and Monster, allowing users and job seekers to search for jobs that match their interests. However, Bright’s core value proposition has been that

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LinkedIn releases revamped iPad app one day after iPad Air launch

Posted by on Oct 23, 2013 in LinkedIn | 0 comments

LinkedIn has revamped its iPad app just in time for the new iPad Air. The updated app includes changes to its overall look, UX design, and available features. The changes are pretty major for the professional social networking company, and the iPad app update is timed for a simultaneous release with two other LinkedIn software […]

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LinkedIn Has Definitely Acqui-Hired Maybe, Omar Hamoui’s Polling Startup, Minus Hamoui Himself

Posted by on May 22, 2013 in LinkedIn | 0 comments

call her maybe screenshotFresh from closing its purchase of newsreading app Pulse, LinkedIn has made another acquisition to dive deeper into the mobile space. TechCrunch has found out, and confirmed, that the social network has aqui-hired Maybe, the social polling startup founded by Omar Hamoui — the man who set up, ran and then sold mobile ad company AdMob to Google for $750 million.

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LinkedIn rolls out redesigned apps touted for the “everyday professional”

Posted by on Apr 18, 2013 in LinkedIn | 0 comments

LinkedIn has seen relatively large growth since its launch, and in addition, says that those who use its mobile apps have changed over the last year. Such a change has prompted it to completely redesign its mobile apps, tailoring them for everyday professionals that span a variety of positions. The changes are said to give

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LinkedIn acquires Pulse for $90m stock and cash

Posted by on Apr 11, 2013 in LinkedIn | 0 comments

While normally an acquisition like this would have a title devoid of the “stock and cash” bit, the LinkedIn purchase of Pulse is a bit more unique. Here the $90 million USD has been announced to be about 90% made up of stock options while the other 10% is made of cash. LinkedIn has made

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LinkedIn Acquires Pulse For $90M In Stock And Cash

Posted by on Apr 11, 2013 in LinkedIn | 0 comments

linkedin_pulseLinkedIn today announced that it has acquired Pulse, the popular newsreader for the web and mobile. The transaction, LinkedIn says, is valued at approximately $90 million in a combination of about 90 percent stock and 10 percent cash. The acquisition is expected to close in the second quarter of 2013. Today’s announcement doesn’t come as a total surprise, given that there had been rumors about talks between the two companies for a few weeks now. LinkedIn argues that it is acquiring Pulse because it wants the site to “be the definitive professional publishing platform – where all professionals come to consume content and where publishers come to share their content. Millions of professionals are already starting their day on LinkedIn to glean the professional insights and knowledge they need to make them great at their jobs.” “We are thrilled to be able to add Pulse’s considerable talent, technology, and products to our growing ecosystem of content offerings, and we believe that they will help us accelerate our ability to deliver to our members the insights they need to be better at what they do, on any device,” said Deep Nishar, LinkedIn’s SVP of Products and User Experience, in a statement today. “To continue to deliver that value to our members, our vision for content is that LinkedIn will be the definitive professional publishing platform, and Pulse is a perfect complement to this vision.” Pulse was founded in 2010 by Akshay Kothari and Ankit Gupta while they were still students at Stanford University. The service started out as an iPad app, but quickly expanded to other platforms, including the web. Just recently, Pulse started to dip its toes into social by adding a number of social features to its apps. Given today’s acquisition, chances are Pulse will put a stronger focus on this in the near future. The service currently has about 30 million users in more than 190 countries. Approximately 40 percent of its users are outside of the U.S. Kothari writes in his announcement today that the “Pulse apps will remain the same, and our two teams are excited to work together to create cool and useful new offerings.” Pulse raised an $800,000 seed round in October 2010. Redpoint Ventures, Greycroft Partners, Mayfield Fund, e.ventures and Lightspeed Venture Partners participated in this round. In June 2011, Pulse raised a $9 million Series A round from New Enterprise Associates, Greycroft

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